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1All forward-looking statements involve risks, uncertainties and other factors that may cause AIG’s actual results and financial condition 2to differ, possibly materially, from the results and financial condition expressed or implied in the forward-looking statements. Factors 3that could cause AIG’s actual results to differ, possibly materially, from those in specific projections, targets, goals, plans, assumptions 4and other forward-looking statements include, without limitation:5• the impact of adverse developments affecting economic 6conditions in the markets in which AIG and its businesses 7operate in the U.S. and globally, including adverse 8developments related to financial market conditions, 9macroeconomic trends, fluctuations in interest rates and 10foreign currency exchange rates, inflationary pressures, 11including social inflation, pressures on the commercial real 12estate market, an economic slowdown or recession, any 13potential U.S. federal government shutdown and geopolitical 14events or conflicts, including the conflict between Russia and 15Ukraine and the conflict in Israel and the surrounding areas;16• occurrence of catastrophic events, both natural and man-17made, including the effects of climate change, geopolitical 18events and conflicts and civil unrest;19• disruptions in the availability or accessibility of AIG's or a third 20party’s information technology systems, including hardware 21and software, infrastructure or networks, and the inability to 22safeguard the confidentiality and integrity of customer, 23employee or company data due to cyberattacks, data security 24breaches, or infrastructure vulnerabilities;25• AIG’s ability to successfully dispose of, monetize and/or 26acquire businesses or assets or successfully integrate 27acquired businesses, and the anticipated benefits thereof;28• AIG's ability to realize expected strategic, financial, operational 29or other benefits from the separation of Corebridge Financial, 30Inc. (Corebridge) as well as AIG’s equity market exposure to 31Corebridge;32• AIG's ability to effectively implement restructuring initiatives 33and potential cost-savings opportunities;34• AIG's ability to effectively implement technological 35advancements, including the use of artificial intelligence (AI), 36and respond to competitors' AI and other technology initiatives;37• the effectiveness of strategies to retain and recruit key 38personnel and to implement effective succession plans;39• concentrations in AIG’s investment portfolios;40• AIG’s reliance on third-party investment managers;41• changes in the valuation of AIG’s investments;42• AIG’s reliance on third parties to provide certain business and 43administrative services;44• availability of adequate reinsurance or access to reinsurance 45on acceptable terms;46• concentrations of AIG’s insurance, reinsurance and other risk 47exposures;48• nonperformance or defaults by counterparties, including 49Fortitude Reinsurance Company Ltd. (Fortitude Re);50• AIG's ability to adequately assess risk and estimate related 51losses as well as the effectiveness of AIG’s enterprise risk 52management policies and procedures, including with respect 53to business continuity and disaster recovery plans;54• difficulty in marketing and distributing products through current 55and future distribution channels;56• actions by rating agencies with respect to AIG’s credit and 57financial strength ratings as well as those of its businesses and 58subsidiaries;59• changes to sources of or access to liquidity;60• changes in judgments concerning the recognition of deferred 61tax assets and the impairment of goodwill;62• changes in judgments or assumptions concerning insurance 63underwriting and insurance liabilities;64• changes in accounting principles and financial reporting 65requirements;66• the effects of sanctions, including those related to the conflict 67between Russia and Ukraine, and the failure to comply with 68those sanctions;69• the effects of changes in laws and regulations, including those 70relating to the regulation of insurance, in the U.S. and other 71countries in which AIG and its businesses operate;72• changes to tax laws in the U.S. and other countries in which 73AIG and its businesses operate;74• the outcome of significant legal, regulatory or governmental 75proceedings;76• AIG’s ability to effectively execute on sustainability targets and 77standards;78• AIG’s ability to address evolving stakeholder expectations and 79regulatory requirements with respect to environmental, social 80and governance matters; 81• the impact of epidemics, pandemics and other public health 82crises and responses thereto; and 83• such other factors discussed in:84– Part I, Item 1A. Risk Factors of this Annual Report; and.85– this Part II, Item 7. Management's Discussion and Analysis 86of Financial Condition and Results of Operations (MD&A) of 87this Annual Report.88Forward-looking statements speak only as of the date of this report, or in the case of any document incorporated by reference, the 89date of that document. We are not under any obligation to publicly update or revise any forward-looking statements, whether as a 90result of new information, future events or otherwise, except as required by applicable law. Additional information as to factors that 91may cause actual results to differ materially from those expressed or implied in any forward-looking statements is disclosed from time 92to time in other filings with the Securities and Exchange Commission (SEC).9344 AIG | 2023 Form 10-K